Economy and commerce

VIENTIANE (Vientiane Times/ANN) – Laos and Thailand have committed to increasing bilateral trade volume by 10 to 15 percent annually as the two governments expect to meet the target of US$12 billion in 2021, according to the Lao trade minister.As part of promoting an increase ...

VIENTIANE (Vientiane Times/ANN) – Representatives from enterprises involved in tea, spices, cardamom, and Indian prickly ash, community business-supporting organisations, and service providers attended a workshop to bolster their business opportunities and export markets through standardisation and certification.The workshop was held recently at the SME Promotion ...

KHAMMUAN, Laos (Vientiane Times/ANN) – Jo Bounmy Group, a leading business conglomerate in Laos, has approved additional capital of US$500 million to build a trade and warehouse complex at the Thakhaek Specific Economic Zone (TSEZ) in Khammuan province.The company plans to build a trading complex ...

VIENTIANE (Vientiane Times/ANN) – Central and local officials from the planning and investment and industry and commerce sectors attended a meeting yesterday to learn about investment incentives and details of the Investment Promotion Law, which was last revised in 2016.The meeting took place at the ...

Lao authorities have adopted measures that will allow easier access to credit and give added protection to minority investors in moves set to improve the country’s overall business environment.Accessing credit and protecting minority investors are two of the 11 indicators which the World Bank uses ...

LUANG PRABANG, Laos (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI) has opened a branch of its Small and Medium Enterprises Service Centre in Luang Prabang province to strengthen the capacity of SMEs in the eight northern provinces of Laos.The first ...

VIENTIANE (Vientiane Times/ANN) – The Lao Furniture Association (LFA) will host its 4th Vientiane Furniture Fair from March 23-31 at Lao-ITECC to promote local products and also attract Chinese tourists during the ongoing Visit Laos-China Year.The association is expecting more than 250,000 people to attend ...

VIENTIANE (Vientiane Times/ANN) – The Bank of the Lao PDR (BOL) has warned the public not to exchange, buy or sell foreign currencies through five categories of non-bank microfinance institutions.The five types of microfinance business are deposit-taking microfinance institutions, non-deposit taking microfinance institutions, savings and ...

VIENTIANE (Vientiane Times/ANN) – Lao business operators have been learning the latest technology to upgrade their ‘business 4.0’ skills at a recent seminar in Vientiane to ensure they can reach customers effectively.The new skills were explained at a seminar titled ‘Young Business at 4.0 Age’ ...

VIENTIANE (Vientiane Times/ANN) – The Lao and Vietnamese governments will try to bolster two-way trade by at least 15 per cent this year as part of efforts to expand cooperation between the two countries.The combined value of imports and exports between Laos and Vietnam exceeded ...